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Motor racing-Formula One tweaks qualifying due to fewer cars  

By Alan Baldwin AUSTIN, Texas, Oct 30 (Reuters) - Formula One has had to modify its qualifying format after financial problems ruled the Caterham and Marussia teams out of Sunday's U.S. Grand Prix while Red Bull's Sebastian Vettel is set to be sidelined by an engine penalty. Stewards said in a statement on Thursday that the slowest four cars in the first session would play no further part in qualifying with the next slowest four also dropping out in the second phase....More

UPDATE 1-U.S. regulator to Takata: Give us faulty air-bag documents  

* NHTSA sets Dec. 1 deadline for Takata documents * Four U.S. deaths, numerous injuries linked to exploding air bags * U.S. safety regulator cites Reuters story in special order (Adds NHTSA and safety advocate comments, details of order, details of Mexican plant operations, other background) By Ben Klayman and Paul Lienert...More

BRIEF-CFAO reports Q3 revenue of 861.1 mln euros versus 885.6 mln euros last year  

Oct 30 (Reuters) - CFAO SA : * Reports Q3 revenue of 861.1 million euros versus 885.6 million euros last year Source text: Further company coverage:...More

U.S. regulator orders Takata to provide documents related to faulty air bags  

By Ben Klayman and Paul Lienert DETROIT, Oct 30 (Reuters) - U.S. auto safety regulators on Thursday ordered Japanese supplier Takata Corp to provide documents and answer questions under oath related to the government's ongoing probe of potentially defective Takata air bags in millions of U.S. vehicles. The National Highway Traffic Safety Administration sent a special order to the supplier's TK Holdings Inc, ordering delivery of the documents by December 1....More

BRIEF-US safety regulators ask Takata to produce documents relating to ongoing probe of defective air bags  

DETROIT, Oct 30 (Reuters) - Takata Corp : * US safety regulators send letter compelling Takata Corp to produce documents and answer questions under oath relating to ongoing probe of defective air bags * NHTSA asks Takata Corp for documents relating to communication between Takata and its rivals as well as its customers relating to ruptured air bags * NHTSA asks Takata for any documents related to manufacturing issues connected...More

Harley-Davidson woos affluent young Indians with bike culture  

By Aman Shah MUMBAI, Oct 30 (Reuters) - Harley-Davidson Inc, battling upstart competitors in its traditional markets, says it is betting on India's young and affluent urbanites to help establish a "leisure riding" culture there and boost sales of its first new bike in over a decade. With Lynyrd Skynyrd and Deep Purple playing in the background, the iconic United States motorcycle company on Thursday launched three new bikes in India, a country more associated with pot holes and traffic snarl-ups than open roads....More

Fitch: Capital Transactions Positive for Fiat Chrysler but Cash Flow Key Rating Driver  

(The following statement was released by the rating agency) PARIS/LONDON, October 30 (Fitch) Fitch Ratings says that Fiat Chrysler Automobiles N.V.'s (FCA) planned offering of common shares and mandatory convertible securities and its decision to spin off Ferrari SpA are a positive development for its credit profile. However, the ratings remain constrained by our expectations of negative free cash flow through 2016. FCA's Long-term Issuer Default Rating (IDR) and senior unsecured rating are 'BB-' and its Short-term IDR is 'B'....More

Ford Otosan net profit rises less than expected in third quarter  

ISTANBUL, Oct 30 (Reuters) - Turkish automaker Ford Otosan said on Thursday its net profit rose to 122.2 million Turkish lira ($55.5 million) in the third quarter, falling short of a Reuters poll forecast of 145 million lira. The figure was, however, a sharp rise on the 80.6 million lira the company, a partnership between Ford Motor Co and Turkey's Koc Holding, posted in the same period last year. (1 US dollar = 2.2011 Turkish lira) (Reporting by Can Sezer; Writing by Nick Tattersall)...More

Lawyers urge U.S. judge to move quickly in Takata air bags case  

By Zachary Fagenson MIAMI, Oct 30 (Reuters) - Lawyers for U.S. consumers asked a federal judge in Miami on Thursday to speed up a class action lawsuit against Japanese auto parts maker Takata Corp and four automakers, saying that public safety was at stake over defective air bags. At a hearing in Miami federal court, Peter Prieto, one of the plaintiffs' lawyers, said he was troubled by the stories of drivers who were injured or killed by shrapnel after their air bag systems exploded....More

VW sees stable earnings in second half of year - CFO  

BERLIN, Oct 30 (Reuters) - German carmaker Volkswagen expects operating profit in the second half of the year to be roughly on a par with earnings in the first six months, Chief Financial Officer Hans Dieter Poetsch said. There is a "certain probability" that second-half underlying earnings will be similar to first-half operating profit, which rose 7 percent to 6.19 billion euros, Poetsch said on a conference call on Thursday....More
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